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That’s not entirely true. The prices of the underlying different electricity sources is different but they can’t be traded separately. As a result the market is
by the_mitsuhiko 4y ago
That’s not entirely true. The prices of the underlying different electricity sources is different but they can’t be traded separately. As a result the market is very dysfunctional.
- dkjaudyeqooe 4y ago> As a result the market is very dysfunctional. You're stating that without evidence, but the kind of auctions that the electricity market requires are similar to opening auctions for stocks. Would you claim they're very dysfunctional?
- the_mitsuhiko 4y agoThe kind of trades that are currently happening in Europe for electricity are removed from the reality on the ground. You can look through this Twitter thread for some good commentary on what is happening: https://twitter.com/yakutsavas/status/1563529006997450752?s=21&t=dILZXGAjbEkQ9xA9jW58Hw https://twitter.com/yakutsavas/status/1563529006997450752?s=...
- dkjaudyeqooe 4y agoProbably, but that's evidence of a free market in operation, craziness happens sometimes but it sorts itself out. There is a massive supply squeeze, these things are to be bound to happen.